EMI Calculator United Kingdom
Work out your monthly loan instalment in GBP, see the total interest, and compare it against rates United Kingdom banks actually publish.
Click any bank to use their rate. Green = best deal
See how changes affect your loan
How is EMI calculated?
EMI = P × r × (1+r)n / ((1+r)n - 1). P = loan amount, r = monthly rate, n = months. Our calculator does this instantly.
What's a safe EMI-to-salary ratio?
Keep total EMIs under 40-50% of salary. Banks use Debt Burden Ratio (DBR) — UAE banks cap at 50%.
Longer tenure = lower EMI?
Yes — but you pay more total interest. A 5-year loan costs less overall than a 10-year loan at the same rate.
Loan interest rates in United Kingdom
Buzdy tracks 48 banks in United Kingdom with 3,609 branches across 741 cities. EMI results on this page are shown in GBP. The rates below are the ones those banks publish — use them in the calculator instead of a guess.
Looking for a credit card, a loan or a savings account in the United Kingdom?
Compare what banks in the United Kingdom actually offer — rates, fees and eligibility, updated for 2026.
Credit card interest rates in United Kingdom
Relevant if you convert a card purchase into monthly instalments. 44 cards with a published rate.
Worked example — repaying GBP 100,000 of card balance over 5 years in United Kingdom
- Balance
- GBP 100,000
- Rate used
- 1.5% a year
- Tenure
- 60 months
- Monthly EMI
- GBP 1,731
- Total interest
- GBP 3,859
Rate taken from HSBC Revolution Card (HSBC) — the lowest published credit card rate we hold for United Kingdom. Buzdy does not yet hold personal loan rates for United Kingdom, so this uses card interest — the rate that applies when you convert a purchase to instalments or carry a balance. Change the numbers in the calculator above for your own case.
Banks we track in United Kingdom
Keep going in United Kingdom
Guides for United Kingdom
United Kingdom — frequently asked questions
What does GBP 100,000 on a credit card cost per month in United Kingdom?
At 1.5% a year over 60 months the instalment works out at about GBP 1,731, or GBP 3,859 of interest in total. That rate comes from HSBC Revolution Card by HSBC, the lowest published credit card rate Buzdy holds for United Kingdom. We do not yet hold personal loan rates for United Kingdom — bank loan rates are usually well below card rates.
What interest rate do credit cards charge in United Kingdom?
Across the 44 cards with a published rate in United Kingdom, quoted rates run from 1.42% per month to 3.49% per month. Card interest only applies if you carry a balance past the interest-free period.
Where can I apply for a loan in United Kingdom?
Buzdy maps 3,609 bank branches in United Kingdom across 741 cities. Open the branch directory to find the nearest one to you.
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the amount borrowed, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months. The calculator above uses exactly this formula.